Fear of global slowdown as oil price soars

[dreamdancer]

Finance ministers from the G7 nations issued a blunt warning this weekend that rising energy costs and the American housing crisis will put the brakes on the global economy over the next 12 months, as oil prices surged towards $100 a barrel.

Crude prices have smashed a series of records in recent weeks, as the producers' cartel, Opec, gambles that oil-consuming countries can withstand a fresh jump in costs. US crude for November delivery touched $90 a barrel on Friday.

At the same time, equity prices on both sides of the Atlantic plunged and the dollar hit new lows against global currencies amid pessimism that the fallout from the US sub-prime crisis will spread well beyond the housing sector.

http://observer.guardian.co.uk/business/story/0,,2195697,00.html

 

[Depths Of OG]

<--- Just bought a half a million dollar house Was on the market for $625k, dropped over 125k. Anyway, this thread is a little too important for the morons on this site to really discuss it.

 

[genkisan]

The status quo that is the malignant corpo-industrial economy cannot endure if this planet is to continue to be able to support human life.


Fook a slow-down....it needs to come to a screeching halt, as soon as possible.


Just hope I have me a bit 'o time to install meself in der great Canukistan bush, growing wot I eat and living way low-key........cuz anyone who doesn't will die screaming in food, power and water riots when the shit hits the fan....which it WILL...and sooner than you think.

 

[9Lives]

^ ditto!

It's getting more clearer every day. More and more official sources are reavealing the seriousness of the situation. Time is getting slim..i sure hope i can escape in time.

Peace..

 

[panopticist]

Anyway, this thread is a little too important for the morons on this site to really discuss it.

This, friends, is what's known as a paradox...

 

[nycdfan042]

...JUST MAKE SURE TO GRAB YER GANJA SEEEDS WHEN THE END COMES!!!1

 

[Haps]

I am a fool, not a moron.
H

 

[Mackawber]

I just love spending money at the gas pump knowing that its going to help finance terrorists in Arabia and south of the border.....

 

[EatCannabisRaw]

well if u want to bounce from the us of un-free A
then maybe nows the time

but hey what do i know
i just know i'm going to italy tomorrow

SUCKAAAAAAS!!!!
^_^
haha...


irie vibes to ya man!
imma head to amsterdam too!!!

 

[EatCannabisRaw]

Depths of OG -
be blessed
use your brain for the positive
because i think u have some intellect

 

[thcbound]

Depths of OG is a troll who has contradicted himself multiple times in his posts and therefore nothing he says is credible, people should just ignore him.

 

[panopticist]

Depths of OG is a troll who has contradicted himself multiple times in his posts and therefore nothing he says is credible, people should just ignore him.

 

[TwoOhSix!]

Yeah why do you have to brag about your "half-million" dollar house in multiple threads?

 

[genkisan]

Yeah why do you have to brag about your "half-million" dollar house in multiple threads?

Mebbe it's his small pecker.....

 

[Kirby]

The ideology of the "cashless society" seems incredibly possible as the days progress. That's what scares me most. If the Middle Class is completely wiped, what is to come of the greater part of the population? Mass order, that's what. The Middle Class can be wiped by rising oil prices. The middle class will keep on shrinking until prices per gallon reach anywhere from 130-190. Then it will be completely gone. There will be a fine, bolded line between the rich and the poor. 80% (roughly) are oblivious to this massive change on the horizon. The 20% or so who can truly grasp the seriousness know the elite's intent is absurdly evil. The National ID Card (will be issued May 2008) and the VeriChip (size equal to grain of salt; it's injected into your right hand) are the basic preludes to the downfall of society and to the 'surveillance or cashless society'. Jumping here, but take this for what it's worth. An example of the cover-up of highly efficient fuel cars: The Toyota Eco Spirit. It was the talk of the fuel economy car industry in 2002. For some unknown reason, Toyota did not move forward with this revolutionary car. Why? No one will ever truly know, but I must assume it's because the car gets a whopping 100 MPG. The car was ultra low in emissions and had a reasonably cheap sticker price. The debut was patiently awaited, but soon we all found the talk of the Eco Spirit just disappeared. Again, I can only assume that 'they' do not want this talk to escalate because of the impact the E.S. would have on today's society. The car would be in ultra high demand, likely to re-shape the auto industry as we know it today.

"The average gasoline consumption in the 1930's and 1940's was 15-20 miles per gallon, slightly higher for some cars." In 2004, the San Francisco Chronicle reported: "While official overall gas mileage of new U.S. passenger cars rose from about 14 miles per gallon in the late 1970s to a peak of 22 miles per gallon in 1987, it has since declined to 21 miles per gallon."

So the average car mileage today has dropped from 17 years ago, and is not much improved over 60 years ago. Consider that in the same amount of time we've achieved quantum technological leaps in computers, genetics, electronics, engineering, plastics, and almost every other industry. Does this make sense? Why is it that the fields of transportation and energy have progressed at a comparative snail's pace? Could it possibly be that corporate profit and greed keep technology from advancing in these critical sectors?

You really have to wonder. How can't you?

The use of permanent magnets, radiant energy, cold fusion, & super-efficient electrolysis are other examples of technology being suppressed. Radiant energy, for instance: Nikola Tesla's Magnifying Transmitter, T. Henry Moray's Radiant Energy Device, Edwin Gray's EMA Motor, and Paul Baumann's Testatika Machine all run on Radiant Energy. This natural energy can perform the same wonders as ordinary electricity at less than 1% of the cost. It does not behave exactly like electricity, however, which has contributed to the scientific community's misunderstanding of it. The Methernitha Community in Switzerland currently has 5 or 6 working models of fuelless, self-running devices that tap this energy.

There are dozens of other systems. Many are viable and well tested. But this short list is sufficient to make the point: new energy technology is here. It offers the world pollution-free energy abundance for everyone, everywhere. It is now possible to stop the production of "greenhouse gases" and shut down the nuclear power plants. Transportation and production costs for just about everything can drop dramatically. Yet all these wonderful benefits that can make life on this planet so much easier and better for everyone have been postponed for decades. Why? Whose purposes are served by this postponement?

Four Invisible Forces. There are four forces that have worked together to create this situation. The wealthiest families and their central banking institutions are the first force. Their motivations are greed and the need to control almost everything except themselves. Their plan is to eventually control all of the resources of the world, and thereby control everyone's life through the availability of all goods and services. An independent source of wealth (new energy device) in the hands of every person in the world ruins their plans for world domination. They don’t want any competition. The weapons they have used to enforce this include intimidation, "expert" debunkers, buying and shelving of technology, and murder of inventors. They have also promoted the scientific theory that states free energy is impossible (laws of thermodynamics).

The second force is national governments. The problem here is related to the maintenance of national security. There is a constant jockeying for position and influence in world affairs, and the strongest party wins. In economics, it's the golden rule, which states: "The one with the gold makes the rules." Unlimited energy on this planet will lead to an inevitable reshuffling of the balance of power. Everybody will want it, and at the same time, want to prevent everyone else from getting it. So, national governments’ motivations are self-preservation. Their weapons include preventing the issuance of patents based on national security grounds, harassment of inventors with criminal charges, tax audits, threats, phone taps, arson, theft, and a host of other intimidations which make the business of building and marketing a new energy machine practically impossible.

The third force consists of deluded inventors and con men. On the periphery of the extraordinary scientific breakthroughs that constitute real new energy technologies, lies a shadow world of unexplained anomalies, marginal inventions and unscrupulous promoters. The first two forces have constantly used the media to promote the worst examples of this group, to distract the public's attention, and to discredit real breakthroughs by associating them with the frauds. So, the third force is delusion and dishonesty. The motivations are self-aggrandizement, greed, want of power over others, and a false sense of self-importance. The weapons used are lying, cheating, self-delusion and arrogance combined with bad science.

The fourth force operating to postpone the public availability of new energy technology is all of the rest of us. It may be easy to see how narrow and selfish the motivations of the other forces are, but actually, these motivations are still very much alive in each of us as well. Like the wealthiest families, don't we each secretly harbor illusions of false superiority and want to control others instead of ourselves? Also, wouldn't you sell out if the price were high enough? Or like the governments, don't we each want to ensure our own survival? Or like the deluded inventor, don't we trade a comfortable illusion once in a while for an uncomfortable fact? Or don't we still fear the unknown, even if it promises a great reward?

All four forces are just different aspects of the same process. There is really only one force preventing the availability of new energy technology, and that is unspiritually motivated behavior. New energy technology is an outward manifestation of divine abundance. It is the engine of the economy of an enlightened society, where people voluntarily behave in a respectful and civil manner toward each other. Unspiritualized humans cannot be trusted with new energy. They will only do what they have always done, which is to take merciless advantage of each other, or kill each other and themselves in the process.

I've said too much now and strained away from the original topic. Sorry for the hi-jack. Parts included in the post were adduced from the axillary work of Peter Lindemann and Fred Burks.

 

[FarmerJoe]

The world has to realize that the time for alternative fuels is now, not 10 years, not 25, now. We need to make this a global effort if we really care about our own preservation.

 

[trouble]

<--- Just bought a half a million dollar house Was on the market for $625k, dropped over 125k. Anyway, this thread is a little too important for the morons on this site to really discuss it.

You crack me up BIG BALLER !

Your a legend in your own mind.



....

 

[Verite]

Global slowdown? wtf is that? Could you make up any more of a bs term?

Try this one on for size, Global slowdown will occur sometime shortly after the US stops importing lead tainted goods from china by the millions. And I dont see that happening anytime soon.

 

[JJScorpio]

<--- Just bought a half a million dollar house Was on the market for $625k, dropped over 125k. Anyway, this thread is a little too important for the morons on this site to really discuss it.

The other day you told us you bought 4 plus acres near a ski resort on the water and you were going to build a house. Now your calling people on this site morons? Why don't you explain that to us.......

 

[Guest]

Yup...gotta be about as sharp as a bowling pin to hang out around here and call everyone morons.